Memphis, Tenn.-based Regions Insurance Group has acquired the assets of Miles & Finch Inc., a multiline insurance agency with offices in Kokomo, Carmel and Logansport, Ind. Transaction terms were not released.
Regions said Miles & Finch, in business nearly 100 years, will continue to trade under the Miles & Finch name, as part of the Regions Insurance Group. The firm writes annual premium of $100 million in personal and commercial lines insurance and employee benefits.
Mike Miles will remain as chief executive officer. J.J. Iovino was named president and chief operating officer. All current offices and 45 employees will be retained. The agency's headquarters will continue in its Kokomo location.
"This acquisition enables us to establish a platform agency in the state of Indiana," said Casey Bowlin, CEO of Regions Insurance Group. "We are pleased to have a strong management team in Mike Miles and J.J. Iovino, and to employ a very capable and experienced sales and service staff."
Regions Insurance Group has annual revenue of $100 million, 30 offices in eight states and 550 associates. It is a subsidiary of Regions Financial Corporation, a full-service financial institution based in Birmingham, Ala., with more than $140 billion in assets.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
